RickG

Just read this on a "Light and Medium Truck " newsletter . Navistar is financially hurting and considering selling out . That's a shame . International makes good trucks . 10 to 1 some foreign company will buy them. If it was Volvo it might be a good thing . They made real improvements in the Macks . I drive a 2005 Mack tractor and like it bettery then the Freightliner Columbia I came out of . 2003 and 2004 Macks were junk though .

spitfire9137

I don't foresee that happening, but hey who knows.

runamuk

If Cummins bought them I'd be in the market for a new truck!

Rick

udflyer98

I don't know about selling out, but they are about to be delisted from the NYSE. There have been a couple of little blips about it on Nightly Business Report the past couple of nights.

I wonder how much of a drag the sick liter business is on their bottom line?

3500lly

Did the newsletter mention what things have conributed to their financial troubles?

spitfire9137

VT365

messagetooshort

Begle1

And so, we've come to the conclusion that the 6.0 liter has destroyed not only Ford, but Navistar as well. Too bad.

RickG

It only said the CEO mentioned a buyout when an anylist asked if anyone had approached management about assisting making the company private . When trying to google this I found a new site . www.powerstrokedieselstuff.com

spitfire9137

Actually I haven't heard too much complaining from my International dealer about the 365s running around here. If I remember correctly there were some mods done to it for ford that were causing most of the problems, but I cant fully recal that.

Jfaulkner

They laid off about 300 people at the local IH plant. They said that slow truck sales due to '07 emmision standards=higher prices was a large factor.

SOhappy

Apparently the sellout was a joke by the CEO, but they are being delisted for being late on financial statements (sounds like Enron ).


http://chicagobusiness.com/cgi-bin/n...12-15&id=23196

Silver76

Navistar has been having "accounting" problems for the last year. Funny how we automatically blame it on the flowerpoke

96_12V

Wow. That is some serious stuff in the Chicago Financial article.

Hate to see any good company loose thier position in the NYSE, but if there were suspicians of compromise accounting-wise, why didn't someone take care of this long ago?

This is well beyond any engine platform issues.